XAU/USD H4 Short/Mid Term Outlook

It’s obvious that there is bug buyers moving to Gold as a hedge against recession. Jumping into this bullish trend seems like the safest option in the long term. However, I expect a corrective pullback from its current level towards prior support/resistance levels in the near term.

The chart explains itself…
RSI Divergences, Trendlines, Fibonacci…

What I expect is a similar reaction in price as described by the yellow candlesticks.

#Cashdaflow